1. Import trade
When a businessman of a country buys some goods from the Businessman of another country it is called import Trade. For example: When India buys petroleum products from Iran it will be imported for India.
2. Export trade
When the trader of one country sells something to the trader of another country it is called export trade. For example: America sells cotton cloth to canada, it will be export trade for America.
3. Entreport trade
When a country imports some goods from another country and then exports the same goods to some third country it is known as entreport trade.
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